In my analysis from 3 days ago, I said that my target for this rise in GbpUsd's case remains at 1.22.
Once more, GBP doesn't deny its nature and spiked above this important zone...
From a technical point of view, 1.2250-1.2300 should provide strong resistance and NFP data today could be the trigger for a drop.
Negation for this bearish scenario comes with a daily close above 1.24 and 1.1750 could be a swing trader's target with an eye on the 1.2 zone also
Once more, GBP doesn't deny its nature and spiked above this important zone...
From a technical point of view, 1.2250-1.2300 should provide strong resistance and NFP data today could be the trigger for a drop.
Negation for this bearish scenario comes with a daily close above 1.24 and 1.1750 could be a swing trader's target with an eye on the 1.2 zone also
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.